Punjab National Bank to raise Rs 500 crores through PNB Tier I Perpetual Bond Issue Series V

Punjab National Bank has announced that the Bank will be raising Rs 500 crore as PNB Tier I perpetual bonds.

The proposed date of opening is August 27, 2009 and proposed date of closing is August 28, 2009.

The stock was trading at Rs.672.05, down by Rs.9.50 or 1.39%. The stock hit an intraday high of Rs.683.85 and low of Rs.670.05.

The total traded quantity was 19663 compared to 2 week average of 116342.

Source : Equity Bulls

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